EB5 Visa FAQs

Checklist for Potential Borrowers

The yellow shaded items represent the preliminary information required to determine MRC interest.  The balance is due diligence items necessary before we provide a loan commitment.

Executive Summary - Provides an overview of the project and request.

Project Timeline

  • Estimated closing date for financing and commencement of construction
  • Construction schedule for entire project (showing construction spend by quarter)
  • 5-10 year pro forma - quarterly during construction period and annually post occupancy

Project Information

  • Program description (asset classes w/ est. #s), including square footages by component
  • Information on any brands associated with the project including anchor tenants
  • Itemized development budget
  • Estimated hard costs including FFE and TI allowances
  • Soft costs including acquisition
  • Leasing plan (if applicable)
  • Ownership organizational charts for business entities and borrowers
  • Major participants in the project, as identifiable, should include: architect and general contractor
  • Bios of key development team members
  • Sources and Uses
    • Sources: estimate of complete capital stack, including public and private funding
    • Uses: should match development budget
  • Public letters of support as available, especially as related to public funding
  • complete non-disclosure agreement

Underwriting

  • Any available, recent feasibility or market studies pertaining to the project
  • Personal financial statements for borrowers
  • Financial statements of any entity or individual that may guarantee the project

 

 

 

 
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